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Report: Kabam was offered $800 million for Marvel Contest of Champions studio

Kabam has been offered $800 million to sell the Vancouver-based mobile studio responsible for the development of high-flying brawler, Marvel Contest of Champions

Kabam has been offered $800 million to sell the Vancouver-based mobile studio responsible for the development of high-flying brawler, Marvel Contest of Champions

According to a VentureBeat report, the unnamed, unsolicited bidder is only interested in the Vancouver outfit, which is currently working on a Transformers title in partnership with Hasbro. 

The studio's highest profile release, Marvel Contest of Champions, is also Kabam's biggest earner, and currently pulls in monthly revenues of $25 million.

While it might seem strange for Kabam to sell off its most successful studio, the company is apparently exploring its options and has sought advice from investment experts at Bank of America Merrill Lynch.

As for what the cash would be used for, Kabam recently spoke of its desire to create console quality triple-A experiences for mobile devices, and suggested it would be prepared to spend $24 million on a single mobile title by 2018.

It would also surely help the developer steady the ship after its recent spate of layoffs, and build out its other studios in Austin, Berlin, Bejing, Los Angeles, and San Francisco.

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